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2014 February
Ok, new month of me yipping at the ether... but here goes...
Yes, market dumped towards the end of the month... so what did I do... just get out.
Remember how I had a ton of stocks, well, this morning this is all I had (in this new st account)
ARWR 64.20 %
CTIC 55.88 %
CWTR -2.27 %
GAME 26.82 %
So CWTR is up for sale.
GAME is I guess getting bought out, I guess I should head to the SIRI board for that one, since they like to read all the headlines. I only looked at the headlines because the chart suggested a buyout or something. I will dump it after this post likely, so I don't have to read.
New trades:
I'm kind of at a scratch today:
Short on DDD @ 75.83
Long on ANV @ 5.19 <- still telling you there is gold in thar hills, I looked at my old position RIC and it's rocking.
It'll take me a few minutes to get my actual fill prices.
Looking for more shorts until the market perks up.
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lol, PLPL, I was wishy-washy on that one, what, 4 days ago when it was under a $1, now, it hit $3, lol.
Can't cry pver sspilled milk in this game... especially if you never went red.
In other news, PHOT in my other acct is rocking.
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Bought HEMP 0.1244 - trying my best to try to call it all in realtime, instead of piping in on wins after the fact, and not discussing losses. Anyway, looks like it'll push from the chart, not sure how long I will be in...
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HEMP is taking off - up over 16% so far, might cash out or half as a DT.
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So was having trouble logging in here...
I didn't DT out of HEMP, neither part, half or full. Saw some weird trades AH, but the bid and asked remained. Not sure if today will run or will gap and trap, so I had to be up for the open.
Anyhoo - trying to get this out now... I"m up 75% from yesterday, so far it's going north.
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Yeah, looks like HEMP is going up, my actual average ended up being 0.12, and now its 0.25, so up over 100%. I gotta take care of this other stuff though.
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Take profits:
Sold 1/5 HEMP (in 0.1244, out 0.2395) 92.52% gain*
Sold remaining GAME (in 5.07, out 6.42) 26.63% gain
Protecting against losses:
Covered DDD (out 75.83, in 75.22) 0.81% gain
Seems like I'm missing something, maybe I forgot to report at end of last week.
*going with 0.1244 as buy price, page I was looking at may use 2 sig figs.
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Ok - so learn from mistakes... I like siribuzz cause it makes for a good blog - at least for me, anyway, mistakes:
DDD - my belief in not taking big losses got me out of this one a day too early. I covered before I had a loss actually, still had almost a 1% gain, and I covered too early in the day. Usually, I wait the full hour. Anyway, for some reason it finally dropped which would have been profitable, perhaps earnings report. I've been only using TA so, not sure. Bad bad habit, you should always look up earnings dates to make sure you don't hold through one if you are swing trading, especially if your gain is less than 30%. You can be the best fundamental investor ever, but I think without TA you can make the shittiest entries, likewise, the best TA guy can get wiped without some basic fundamentals, and the earnings date is likely the biggest in my book.
Lol, must be earnings time, TWTR which I had shorted also, also took a huge dump here in premarket.
CWTR - not watching this one close enough and it was super thinly traded, should have been more adamant in getting my last bit out while I could without a bigger loss, could be my biggest loss of the year.
ANV - I'm down on this stock too, but, it's a gold stock and their TA is a little different, and I gotta get back into the game on that. I'm letting this one have some extra time even though it truly will be my biggest loss of the year if I cut out soon. I just think the pattern will pop. Though, any more red, and it'll go. Spot gold is up now too, and in a nice natural way, not some crappy spike.
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Ok, enough of that... the green stocks.
HEMP's chart says, I'm in indecision, but that likely will be downtown Julie Brown. It's past the 3 day pt, and the candle is suggesting it big time... but that's the thing about candles, tomorrow, we confirm. I'm looking to get out pretty quick or with most and get in again later... sometimes a little risky.
PHOT chart says hey, I'm in one of the most profitable formations, "the G", a favorite for hardcore small cap TA traders... the problem is, the candle, not sure if the G will complete. Anyway, I need to check again if I'm on free money or not for this guy, I may have to sell some and pump it again. I see one other green complete a G and the profits were pretty high. On the other hand, most of these greens have indecision candles, and lastly, some ski jump formations are breaking down. So basically, it's all tales of mirth and woe out there. On another front, it's kind of a small cap TA traders dream and a Fundy's nightmare. Though, both can actually burn their fingers.
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I need to get a new web account so I can share my charts, like back in the old days.
Lol, I guess I could repost all of my old charts...
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Candles ain't so bad for the greens after all, internally they were down/up.
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Book profits:
Sold another 2/5 HEMP (in 0.1244, out 0.2992) 140.51% gain
I sold as fast as I could when it broke 0.3000, I think the rest of my shares are now half off cost basis wise in the realized sense or close to it, so not too worried if I made a mistake here, but the candle, and that round support had me wanting to book profits asap.
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Sold ANV (in 5.19, out 4.63) -10.79% loss
Freaking biggest loss of the year I think, double digit too, prior to that I had a clean record I think.
CALLING MY STUFF OUT IN REAL TIME - WATCH AND LEARN
Big mistake there... and I think CWTR will be just as big. I had my chance and f'd it all up.
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Long 1/5 on HEMP @ 0.2189
Probably waited a little too long on that bounce, but wanted to put a little back in since it dropped so far.
Gold looks like it's gonna crank over, so maybe I'll try some shorts.
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Limit (or in the latter case, take it up the butt) losses:
Sold EDXC (in 0.2245, out 0.2095) -6.68% loss
Sold 2/3 CWTR of what was left (in 0.88, out 0.6855) -22.10% loss
Another huge loss booked. Not my day on that one. The other 1/3 is still left on the order. Luckily the position was small, I think I already cut out of part of it, but this is gonna hurt my limit losses average for sure.
For EDXC, I should probably wait the first hour or at least 30 mins... I've made plenty of profit this year waiting until then.
Though, that cut out of HEMP was key first thing in the morning, but the candles told me that before the market opened, they just had to confirm a direction.
I wasn't quick enough on the rebuy of HEMP looks like, I was too busy fumbling looking at other windows, like waiting for 0.3 to break, I should have been there with my finger on the trigger at no more than 0.2 on the way up... like I was holding my breath on the sale. Then all ho hum on the rebuy. Anyway, I think I'm ok for now.
Again, calling the good with the bad in realtime.
P.S. (edited at 7:57 am my time)
Last part of CWTR triggered
Sold 1/3 CWTR of what was left (in 0.88, out 0.6724) -23.59% loss
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Probably trading too much today... but:
Short AEM @31.03
Short GG @24.64
Long RGLD @59.18
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Covered all AEM @ 32.43
Sold 1/2 RGLD @ 61.56
Kinda busy will do math later, just trying to stay close to real time, also, the ratios aren't the same, but in the end, profited.
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Been a little busy, have traded. Since I'm talking to myself, I figured I wouldn't be mad if I didn't report in the last 2 days.
Basically mon and tues, I believe I did (will report prices where I can pick up easy):
Bought 1/5 HEMP to replace the stuff I sold at the peak
Sold some RGLD I believe
Sold some ARWR I believe - love this stock, don't know what they do, but must be doing a good job.
Bought AKG @ 2.05
Did a DT on ANV and lost a little
Today...
Sold remaining RGLD at the open (in 59.18, out 64.06) 8.25% gain - again, I went much bigger on position size on this one.
Then
Bought PES @ 9.13 @ 7:05 am
Bought MJNA @ 0.284 @ 7:29 am - looking for a bounce off of 0.25, and appears the head honcho is in it, and he reads, so hopefully that combo will work.
Regret not getting the real time out, will try to do a better job.
Anyway, here's the tale of the tape at 7:52 am:
AKG 6.34 %
ARWR 102.94 %
CTIC 68.14 %
HEMP 6.25 %
PES 1.53 %
MJNA 3.57 %
Trying to keep it all green.
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Speaking of which... I did actually look at some news, the PHOT vote. If I read right, they upped their authorized share count from 1B to 3B or something of that nature. Usually, for these cheap pinks and OTC's, that means an immediate butcher in share price... or a readily seen hefty, more than a trickle downward. PHOT appears to be holding up currently, so what's up with that? Anyway, still in at 0.117 in one of my other accounts - one that I tend to try to find stuff to hold for a while. I'll keep it for now, plus THH is backing it.
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6 more minutes till market open!
Best time of day... making some money, lol.
So weird seeing these OTCs, etc. having shares traded, HEMP up 10% on a few shares. Goofy.
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CBIS has two indecisions, could be good.